返回列表 发帖

CFA got it wrong, or did I miss something?

Reading 56 (P152 question 4).

The question says "Over the long-run, you expect dividends for BBC in Problem 2 above to grow at 8% and u require 11% . . . .

In 2 the dividends was correctly calculated as (1) last year to be $6 and (2) this year to be $6.6, if the required rate has been changed to 11% why is the solution for D1$6*1.08/0.03 instead of $6.6*1.08/0.03.

My solution was $237,6. Did I miss something in the question or the solution.

返回列表